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Mortgages for Illegal Aliens Encouraged by FDIC
The Common Voice ^ | August 3, 2005 | Diane M. Grassi

Posted on 08/03/2005 6:10:52 AM PDT by jackbenimble

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To: politicalwit

"Will GW Bush's legacy be written in Spanish only?"

I'm sure the more favorable version will be.


21 posted on 08/03/2005 7:21:31 AM PDT by reelfoot
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To: jackbenimble

Why don't they prosecute? Because they don't WANT to.

We have a situation here in Virginia right now where Herndon plans on building a hiring hall, on county property, for "day laborers" where they'll even help match them with prospective employers.

I've called Senators Warner's and Allen's and Wolf's offices on this to express my views. I don't want a single dime of my tax money used to support law breakers and nobody wants to touch this with a 10-foot pole.

The town of Herndon has even MET with ICE officials over the issue, so immigration knows there's a specific problem at a specific location. They know which 7-11 is being used as a pick-up site but they don't have the manpower to deal with it.

To say I'm ticked is an understatement. After the few calls I've made I know I'm not going to get anywhere but I still have a few more numbers to call anyway.


22 posted on 08/03/2005 7:40:43 AM PDT by Nickname
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To: jackbenimble
I came up with the solution to illegals: encourage Castro to take over Mexico as a complete communist state. No LEFTIST has EVER wanted ANYONE to leave a communist state, so overnight all the libs would demand that we "close the borders."

It's beautiful.

23 posted on 08/03/2005 7:40:59 AM PDT by LS (CNN is the Amtrak of news)
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To: LS
I came up with the solution to illegals: encourage Castro to take over Mexico as a complete communist state. No LEFTIST has EVER wanted ANYONE to leave a communist state, so overnight all the libs would demand that we "close the borders."

This may be closer than you think. The most popular politician in Mexico is the Mayor of Mexico City and he is a flaming leftist. He may well be the next El Presidente and he may well align himself with the likes of Castro, Chavez, Lula de Silva and other leftists that seem to be getting elected South of our border.

But I don't share your optimism that this will create a solution. The misery these leftists cause will spur illegal immigration to new heights. And we might even get a "two feet on American soil" policy like we have with Cuba where anybody fleeing these communist hellholes gets automatic refugee status and eventually citizenship.

As we look at the political movement towards the left in numerous countries south of our border with these people electing socialists every chance they get I have to wonder about the intelligence of the people who keep telling us that Hispanics are natural Republicans. If that were true, these countries would not all be moving towards socialism.

24 posted on 08/03/2005 7:57:29 AM PDT by jackbenimble (Import the third world, become the third world)
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To: jackbenimble
"However, the FDIC is now formally encouraging “U.S. banks to enter this largely untapped market,” referring to illegal aliens. National banks, Wells Fargo Bank, N.A. and Bank of America, N.A. are leading the charge, granting mortgage loans for a potential home buyers’ market of 215,000 illegal aliens, with many in the local bank communities following suit, some with the help of state housing commissions."

Quisling: a synonym for traitor, someone who collaborates with the invaders of his country.

25 posted on 08/03/2005 8:05:28 AM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: jackbenimble

Somebody needs to file a class action suit against these banks on behalf of taxpayers. It's amazing that some Americans can't qualify for home loans and the banks are lending to illegal aliens.


26 posted on 08/03/2005 8:30:51 AM PDT by JoeA (JoeA — all life is precious)
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To: Happy2BMe

"According to Michael Frias, a spokesman for the FDIC, “Banks aren’t legally required to verify legal status. There is no federal law which requires banks to verify the immigration status of foreign account holders.”

The only problem with that statement is that illegal aliens are not merely “foreign account holders”, but are illegal inhabitants of the U.S., courtesy of our banking industry, which is inviolate of the laws of the U.S. Constitution."

Why should you or I obey any laws when the state and federal government is a felon????


27 posted on 08/03/2005 8:44:50 AM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
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To: jackbenimble

This is interesting since those individuals buying real estate must have proof of citizenship through the Patriot Act. Normally, if they have a valid drivers license, they can buy property.


28 posted on 08/03/2005 8:50:37 AM PDT by DownInFlames
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To: 1_Inch_Group; 2sheep; 2Trievers; 3AngelaD; 4.1O dana super trac pak; 4Freedom; 4ourprogeny; ...

ping


29 posted on 08/03/2005 8:55:50 AM PDT by gubamyster
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To: Travis McGee

Well I do mortgage lending for one of the banks mentioned and the information is wrong.
Some has to be "legal resident of the United States" to qualify for a mortgage.
I just looked this up again to see if it had changed.


30 posted on 08/03/2005 8:56:31 AM PDT by HereInTheHeartland (The Democrat party is the official party of the Morlocks.)
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To: gubamyster

No special treatment for foreign invaders!

Protect our borders and coastlines from all foreign invaders!

Be Ever Vigilant!

Minutemen Patriots ~ Bump!


31 posted on 08/03/2005 8:59:57 AM PDT by blackie (Be Well~Be Armed~Be Safe~Molon Labe!)
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To: HereInTheHeartland

Who cares about the law, when it comes to illegal aliens? Fake social security cards are sold on the sidewalk outside of every Federal Building. Federal agents have to push the fake ID hawkers out of the way to go to work.


32 posted on 08/03/2005 9:00:22 AM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: international american
If the ICE and the ATF swapped agents and law enforcement outlooks, every illegal alien in America would be jailed, deported or dead in one month.

(I just want a list of the laws which "really count," and I have to obey, and a list of the laws I can totally ignore, the way illegal aliens can and do, with impunity.)

33 posted on 08/03/2005 9:03:16 AM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: DownInFlames
This is interesting since those individuals buying real estate must have proof of citizenship through the Patriot Act. Normally, if they have a valid drivers license, they can buy property.

I just closed the sale of a house yesterday, and the attorney was required to get a copy of the drivers license of both seller and buyer -- said it was the Patriot Act.

34 posted on 08/03/2005 9:06:04 AM PDT by Mack the knife
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To: jackbenimble
National banks, Wells Fargo Bank, N.A. and Bank of America, N.A. are leading the charge, granting mortgage loans for a potential home buyers’ market of 215,000 illegal aliens

I'm needing a new wall to beat my head against! Doesn't surprise me about Wells Fargo. We quit banking with them when they admitted they don't check signatures or IDs.

35 posted on 08/03/2005 9:15:19 AM PDT by mtbopfuyn (Legality does not dictate morality... Lavin)
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To: ByDesign
So, ya pinheads at the FDIC, how do you propose we'll collect property taxes from someone who has no legal identity?

So that's why my property tax, which a mere 10 years ago was chicken feed, is now a whopping 18% --- 18-freakin'-percent --- of my yearly take-home pay.

36 posted on 08/03/2005 9:21:05 AM PDT by mtbopfuyn (Legality does not dictate morality... Lavin)
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To: bayourod

Welcome back.

What's your take on lending money to high risk borrowers? Do you think we will see a reprise of the Savings and Loan scandals?


37 posted on 08/03/2005 9:22:36 AM PDT by HiJinx (~ www.ProudPatriots.org ~ Serving Those Who Serve Us ~ Operation Semper Fi ~)
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To: HereInTheHeartland
Well I do mortgage lending for one of the banks mentioned and the information is wrong. Some has to be "legal resident of the United States" to qualify for a mortgage.

So, they check the box for citizenship knowing full well it'll never be investigated.

38 posted on 08/03/2005 9:23:38 AM PDT by mtbopfuyn (Legality does not dictate morality... Lavin)
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To: jackbenimble

The illegals are just borrowing money that we don't want.


39 posted on 08/03/2005 9:31:04 AM PDT by Mogollon
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To: HereInTheHeartland
Don't bother trying to correct the misinformation in the article. The Bush-bashers here are too busy working themselves into a lather to pay attention to anyone who would dare to challenge their preconceived notions.
40 posted on 08/03/2005 9:43:58 AM PDT by RebelBanker (To crush your enemies, see them driven before you, and to hear the lamentation of the women!)
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